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UAE’s company Masdar and Azerbaijan Railways CJSC signed a memorandum of understanding in the field of renewable energy

2022-03-15


On March 15, a groundbreaking ceremony has been held in Gulustan Palace for the 230 MW Garadagh solar power plant and a memorandum of understanding in the field of renewable energy and energy efficiency was signed between UAE’s company Masdar and Azerbaijan Railways CJSC.
The main purpose of the memorandum is to formalize the intention of the parties to explore the possibilities of using renewable energy sources in the railway sector and implement a comprehensive energy efficiency program.
The basis of cooperation is the study by Masdar of the potential development of renewable and clean energy projects (solar and wind energy) in the railway sector of Azerbaijan in coordination and partnership with Azerbaijan Railways CJSC, identification of technically and commercially viable renewable energy projects.
It should be noted, that a number of measure have been taken at Azerbaijan Railways CJSC to increase the share of “green” energy in total energy consumption and reduce energy consumption by increasing efficiency. Thus, in accordance with the priority of establishing a country with a clean environment and “green” growth, which is one of the five National priorities for socio-economic development, initiatives to increase the share of “green” energy, reduce fuel consumption and “green” financing are identified as strategic priorities in overall energy consumption within the framework of the 10-year corporate strategy of Azerbaijan Railways CJSC. The operation of traction substations under construction on the East-West and North-South international transport corridors passing through the country will allow the use of up to 30% less energy than the existing system.
For the purpose of technical inspection and repair of AC locomotives for the production of renewable energy, 147 solar panels with a capacity of 66 kW, as well as 160 solar panels for heating were installed in the newly built Bilajari locomotive depot. 210 solar panels with a capacity of 66 kW and 140 solar panels for heating were installed in the newly built Ganja locomotive depot.
In addition, as part of the technical assistance project implemented with the support of the European Bank for Reconstruction and Development, priority investment plans for electricity management and commercialization, energy efficiency and renewable energy production, as well as key operational areas were analyzed in the report “Preliminary feasibility study on electricity sales, renewal and energy efficiency at ADY” prepared by an international consulting company in 2019.
Also, a number of reforms have been implemented to reduce the consumption of electricity, fuel and other energy resources under the “Railways Sector Development Program”, implemented jointly with the Asian Development Bank.

ILHAM ALIYEV

ILHAM ALIYEV

President of the Republic of Azerbaijan

HEYDAR ALIYEV

HEYDAR ALIYEV

The national leader of Azerbaijani people

MEHRIBAN ALIYEVA

MEHRIBAN ALIYEVA

First Lady of Azerbaijan

Azerbaijan Railways

Azerbaijan Railways

Closed Joint Stock Company

ADY CONTAINER

ADY CONTAINER

Limited liability company

AzRusTrans

AzRusTrans

Limited liability company


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